Today is the first trading session on the OTC for the penny stock of Cannamed Corp. (MDMJ) after MASS Petroleum, Inc. (MASP) changed their name and ticker symbol to capture the phenomenon that is marijuana. Investors from Brooklyn, Long Island, Queens and about 35 countries who were duped into buying shares of MASP stock between 2008 and July of last year might actually come out winners now that MDMJ stock is set to scam in a different way. Looking to gain attention using the oldest medical Marijuana consultation center in Thousand Oaks and Ventura County as their fuel, other than a low float, there isn’t anything special about getting a prescription to be able to purchase medical marijuana.
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MDMJ Stock Quote
Market Cap: 104.26M
Last: 1.98 ▲ +0.02 (+1.02%)
Volume: 18,873
Dollar Volume: $34,470
Open: 1.60
High: 1.98
Low: 1.50
Trades: 47
Authorized: 1,000,000,000
Issued and Outstanding: 52,655,864
Jordan Shapiro: 30,056,892
14-Day Rel Strength: 42.50%
1st Resistance Point: 2.14
1st Support Level: 1.66
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Cannamed Corp. basically popped up out of nowhere (or at least their internet presence did) with offices in Boston, MA, Santa Barbara, CA, Thousand Oaks, CA, Ventura, CA and Woodland Hills, CA. The rollover into the MASS Petroleum “shell” wasn’t even noticeable since they were supposed to merge with their newly created, wholly-owned subsidiary, Dyna Nutra, Inc.
The “schtick” that is Cannamed is that they are one of the rare and hard to find medical practitioners that can issue a Medical Marijuana Card so you can go buy your gear. They even claim that, if you get pulled over with Marijuana in your vehicle, a police officer can call CannaMed 24×7 to verify that you are in fact a Medical Marijuana Patient with CannaMed.
There’s no clue as to whether or not Cannamed Corp. is a success or not since Mass Petroleum just finished filing their 10-K prior to the change over. What you can see is that Jordan Shapiro of 507-700 West Pender Street, Vancouver, British Columbia, V6C 1G8 Canada owned 30,056,892 shares of MASP stock (now MDMJ stock). It’s unlikely that the remaining 22 million or so shares of MDMJ are owned by persons who were scammed by Sandy Winick and Gregory Curry, but what is likely is that the traders who bought in a week ago at under $1 won’t be holding on for very long considering the history.
In a scandal which broke last summer, Winck and Curry had been running an international boiler room operation out of Thailand and managed to scam victims out of $140 million between 2008 and July, 2013. Besides the typical geographics that boiler rooms tend to target, U.K., Europe, South Afica, and any English speaking Asia-based business men, the dumbasses not only called investors in the U.S., a huge no-no, most of which were reported to be in Brooklyn, Long Island and Queens, but apparently were even going to open a call center in Brooklyn.
The link between the busted boiler room and Cannamed’s MDMJ is that MASS Petroleum (MASP) was one of the tickers they pitched to clients along with their own holding company, Blackout Media Corp. (BKMP), and Resource Group International (RSGR), Imusic Worldwide Inc., WGI Holdings Inc. (WGIH), Talisman Holdings Inc. (TMHO), Nikron Technologies Inc. (NKRN), Tal-Cap Inc., RainEarth Inc. (RNER), Sync2 Networks Corp. (SYNW), Liquid Gold International and Foy Johnston Inc. (FOYJ).
With the smudges already on MDMJ stock before it ever even trades and the weakness of their recent internet appearance, despite being the “leaders” of MMJ licenses for nearly a decade, their gonna need to pump the piss out of this one if it’s gonna be able to stay above it’s current level.
About MDMJ Stock
CannaMed Corp., f/k/a MASS Petroleum, Inc., is a development stage, California Medical Corporations which is required by the California Medical Board and has been doing business in the Medical Marijuana Industry evaluating Medical Marijuana Patients since 2004.
Click here to view the SEC filings for MDMJ.
Click here to view the website for Cannamed.
Last 5 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Change | Volume |
| 04/04/14 | 1.6000 | 1.9800 | 1.5000 | 1.9800 | +0.0200 | +1.02% | 18,800 |
| 04/03/14 | 1.7100 | 1.9600 | 1.5200 | 1.9600 | -0.4400 | -18.33% | 3,100 |
| 04/02/14 | 1.4900 | 2.5000 | 1.3900 | 2.4000 | +0.7600 | +46.34% | 6,000 |
| 04/01/14 | 0.9000 | 1.9000 | 0.9000 | 1.6400 | +0.7400 | +82.22% | 28,200 |
| 03/28/14 | 0.9000 | 0.9000 | 0.9000 | 0.9000 | unch | unch | 2,000 |
Bottom Line:
Traders were taking notice to MDMJ stock a week ago and just because the penny stock closed at its HOD on Friday, some attention is going to paid to it today. As the list of newly created marijuana stocks continues to grow weekly, MDMJ will eventually find itself in the shuffle for flippers looking to draw the next momo card, but not until it’s trading at under $1.
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